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My application(.exe) will play swf and flv files. If I want to distribute/sell this application, what kind of license do I need from adobe? Macromedia Flash (SWF) and Flash Video (FLV) File Format Specification (Version - is this the right license?

Thank you for your question.

I can suggest you to contact with Adobe.

But my opinion is that you don't need a special license from Adone for such applications, because Flash Player ActiveX is developed for swf / flv playing.